Tether, the creator of the $148 billion stablecoin USDT, is set to introduce its U.S.-oriented stablecoin by the end of this year or early 2026, conditional upon upcoming stablecoin legislation, as revealed by CEO Paolo Ardoino in a recent interview with CNBC.

“Realistically, it depends on the timeline of the final legislation on stablecoins, but we are looking at [launching the product] by the end of this year or early next year at the fastest,” he stated.

Ardoino noted that the existing USDT token serves users in emerging markets with restricted access to U.S. dollars, while the upcoming product is intended for a different purpose.

“In the U.S., you have to create a payment product, something that could be used by institutions, something that can compete with PayPal’s CashApp,” he emphasized during the interview. “That is what we are aiming for.”

The development of the U.S.-focused stablecoin indicates Tether’s increasing influence in the country, especially after Donald Trump’s return to the White House reduced regulatory challenges for crypto companies.

Ardoino visited the U.S. earlier this year, participating in interviews and events, such as a conference hosted by Cantor Fitzgerald, the investment bank managing Tether’s extensive U.S. Treasury holdings.

As competition escalates among stablecoins, U.S. federal efforts to regulate this segment are gaining momentum. It’s a significant opportunity, with Citi projecting that the market could burgeon into a multi-trillion-dollar industry by the year 2030.